Hardeep Gulati Sells 29,750 Shares of PowerSchool Holdings, Inc. (NYSE:PWSC) Stock

PowerSchool Holdings, Inc. (NYSE:PWSC) CEO Hardeep Gulati sold 29,750 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $22.77, for a total value of $677,407.50. Following the transaction, the chief executive officer now directly owns 1,631,768 shares in the company, valued at approximately $37,155,357.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Hardeep Gulati also recently made the following trade(s):

• On Thursday, June 27th, Hardeep Gulati sold 24,409 shares of PowerSchool stock. The shares were sold at an average price of $22.35, for a total transaction of $545,541.15.

PowerSchool Stock Up 0.1 %

PWSC stock opened at $22.79 on Friday. The company’s 50 day moving average is $22.63 and its 200 day moving average is $21.27. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of -94.92 and a beta of 1.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47. PowerSchool Holdings, Inc. has a 1-year low of $16.15 and a 1-year high of $25.16.

PowerSchool (NYSE:PWSC) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). PowerSchool had a negative net margin of 7.51% and a positive return on equity of 6.10%. The company had revenue of $191.59 million for the quarter, compared to analysts’ expectations of $195.32 million. During the same quarter last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that PowerSchool Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PWSC has been the subject of several recent research reports. Piper Sandler reissued a “neutral” rating and issued a $22.80 price target (down previously from $24.00) on shares of PowerSchool in a research report on Friday, June 7th. Raymond James cut shares of PowerSchool from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of PowerSchool in a report on Friday, June 7th. Jefferies Financial Group reiterated a “hold” rating and set a $22.80 price objective (down from $30.00) on shares of PowerSchool in a research note on Monday, June 10th. Finally, Baird R W downgraded PowerSchool from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 7th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.02.

Institutional Investors Weigh In On PowerSchool

Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd boosted its position in PowerSchool by 353.4% during the first quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $27,000 after buying an additional 1,000 shares during the period. Comerica Bank increased its stake in shares of PowerSchool by 111.8% during the first quarter. Comerica Bank now owns 1,493 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. Park Place Capital Corp raised its stake in PowerSchool by 106.8% during the first quarter. Park Place Capital Corp now owns 1,497 shares of the company’s stock valued at $32,000 after buying an additional 773 shares during the last quarter. Natixis Investment Managers International increased its holdings in shares of PowerSchool by 77.1% during the first quarter. Natixis Investment Managers International now owns 3,260 shares of the company’s stock valued at $69,000 after acquiring an additional 1,419 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of PowerSchool by 15,274.1% in the 2nd quarter. Quest Partners LLC now owns 4,151 shares of the company’s stock worth $93,000 after purchasing an additional 4,124 shares during the last quarter. Institutional investors own 65.29% of the company’s stock.

PowerSchool Company Profile

PowerSchool Holdings, Inc, together with its subsidiaries, offers cloud-based software to the K-12 education market in the United States, Canada, and internationally. Its solution embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts.